Trade Desk's (TTD) Sell Rating Reaffirmed at Benchmark

Trade Desk (NASDAQ:TTD - Get Free Report)'s stock had its "sell" rating reissued by equities research analysts at Benchmark in a research note issued to investors on Friday,Benzinga reports. They presently have a $57.00 price target on the technology company's stock. Benchmark's target price points to a potential downside of 52.44% from the company's previous close.

A number of other research analysts have also recently issued reports on TTD. Citigroup lifted their price target on Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. StockNews.com raised Trade Desk from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, October 14th. BTIG Research boosted their price objective on Trade Desk from $114.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, New Street Research cut Trade Desk from a "neutral" rating to a "sell" rating and set a $86.00 price objective for the company. in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of "Moderate Buy" and an average price target of $117.08.

Trade Desk Stock Down 9.6 %

Trade Desk stock opened at $119.84 on Friday. The stock has a 50-day simple moving average of $112.41 and a 200 day simple moving average of $100.68. Trade Desk has a 12-month low of $60.23 and a 12-month high of $132.65. The stock has a market capitalization of $58.91 billion, a price-to-earnings ratio of 239.68, a P/E/G ratio of 6.00 and a beta of 1.47.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million during the quarter, compared to analysts' expectations of $578.03 million. During the same period in the previous year, the business posted $0.07 earnings per share. The firm's revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Trade Desk will post 0.86 EPS for the current year.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the sale, the director now owns 29,991 shares in the company, valued at $3,269,019. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Gokul Rajaram sold 1,355 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock worth $170,121,565 in the last 90 days. Corporate insiders own 9.72% of the company's stock.

Institutional Trading of Trade Desk

Institutional investors and hedge funds have recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk during the 2nd quarter worth approximately $30,000. JFS Wealth Advisors LLC lifted its holdings in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock worth $41,000 after acquiring an additional 247 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 150 shares during the period. EdgeRock Capital LLC bought a new stake in shares of Trade Desk during the 2nd quarter worth approximately $37,000. Finally, Quarry LP bought a new stake in shares of Trade Desk during the 2nd quarter worth approximately $41,000. Institutional investors own 67.77% of the company's stock.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

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